The Insurance Bureau of Canada said Thursday it welcomed the news that the Ontario legislature has passed Bill 15, the Fighting Fraud and Reducing Automobile Insurance Rates Act.
Author Archives: Admin2
Insurance model ‘scandalously dishonest,’ says FAIR
As debate over Bill 15 continues at Queen’s Park, one accident victims’ group is advocating that the Colorado Model of Assessors be adopted.
http://www.insurancebusiness.ca/news/insurance-model-scandalously-dishonest-says-fair-185489.aspx
Ontario’s Fall Economic Statement Focuses on Auto Insurance Consumer Protection
The auto insurance focus of this year’s Ontario Economic Statement is consumer protection although not everyone is going to agree that these measures are strictly to protect consumers. The statement provides a summary of government activity that is ongoing.
Crash risk drops 40% for young drivers using telematics programs, U.K. provider says
Using a telematics program has cut collisions involving new drivers by 40% six months after passing their test versus the national average, Ingenie has reported based on an analysis of the drivers using the technology it provides.
Long Term Disability Claims: The insurance company’s greatest defence are the offsets
The opening statement at mediation from the lawyer for the insurer, which was echoed by the insurance adjuster was that they were sorry about my client’s alleged disabilities, but regardless whether or not they were substantiated, these disabilities were irrelevant to the case
Fraud charges laid against Toronto towing owner/operator
TORONTO, Nov. 18, 2014 /CNW/ – “Fraud continues to hurt the insurance system, particularly in Ontario,” states Gordon Rasbach, Vice President of Aviva Canada’s Anti-Fraud unit. “Until we start seeing those trying to steal from the system hit with more serious consequences, insurance prices will continue to be higher than in other provinces.”
http://www.ilstv.com/fraud-charges-laid-toronto-towing-owneroperator/
Privacy A Rare Protection For Personal Injury Plaintiffs
When a personal injury claim proceeds to trial oftentimes publicly available reasons for judgement are published which are accessible by all. These frequently reveal details about a Plaintiff’s health, limitations, injuries and other personal details. Reasons for judgement were released discussing if a Plaintiff should be granted anonymity in published reasons for judgement. In short, the Court held that absent exceptional circumstances, such privacy protections should not be granted.
Auto insurance a huge but important investment
The first known auto insurance policy was developed just about the time of the first autos, around the beginning of the 20th century, but it was not until 1925 that the U.S. states of Massachusetts and Connecticut created the first compulsory auto insurance laws — laws that were eventually adopted throughout North America.
http://www.ilstv.com/auto-insurance-huge-crucial-investment/
Insurance industry must tackle global underinsurance problem, Geneva Association says
Underinsurance, both in developing countries and industrialized nations, is presenting a threat to economic development and overall societal well being, a new report from the Geneva Association suggests.
Toronto towing firm charged with fraud after insurer investigation
The owner and operator of a Toronto towing firm is facing several fraud-related charges after an investigation was prompted by Aviva Canada.